Fuller & Thaler Asset Management Inc. Cuts Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Fuller & Thaler Asset Management Inc. trimmed its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,135,934 shares of the real estate investment trust's stock after selling 125,390 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.97% of Apple Hospitality REIT worth $109,537,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APLE. Aster Capital Management DIFC Ltd purchased a new stake in Apple Hospitality REIT in the 4th quarter worth $31,000. Brown Brothers Harriman & Co. purchased a new position in Apple Hospitality REIT during the 4th quarter valued at approximately $51,000. GAMMA Investing LLC raised its holdings in shares of Apple Hospitality REIT by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 2,193 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Apple Hospitality REIT by 20.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock valued at $104,000 after acquiring an additional 1,128 shares during the last quarter. Finally, FIL Ltd grew its holdings in shares of Apple Hospitality REIT by 76.4% in the fourth quarter. FIL Ltd now owns 8,599 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 3,725 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on APLE shares. Bank of America upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company decreased their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Trading Down 1.0 %

Shares of NYSE APLE traded down $0.12 during trading hours on Monday, reaching $11.78. The stock had a trading volume of 1,082,810 shares, compared to its average volume of 2,216,132. Apple Hospitality REIT, Inc. has a 52-week low of $10.44 and a 52-week high of $16.50. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 13.83 and a beta of 1.00. The business's fifty day moving average price is $13.03 and its two-hundred day moving average price is $14.59. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.15%. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc NYSE: APLE is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.